Indian stocks extend their gains as banks and auto stocks advance.


The NSE Nifty 50 index climbed 0.45% at 16,680.0403 GMT, while the S&P BSE Sensex was up 0.43% at 55,920.97. Both indexes closed their highest levels in more than six weeks on Thursday and have gained almost 4% since the start of the week.

The Nifty banking index rose 0.84%, while the auto index rose 0.81%.

Shares of Gujarat State Fertilizers & Chemicals jumped 8.4% on strong June quarter results, while Quick Heal Technologies rose 8.8% after approving a share buyback plan.

A group of Nifty 50 companies, including Reliance Industries, UltraTech Cement and JSW Steel, will release their results later today.



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